Bitcoin : Currency,Property & Commodity

Q.  Bitcoin is a
- Published on 22 Sep 15

a. Currency
b. Property
c. Commodity
d. All the above

ANSWER: All the above
 
Bitcoin is a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009.The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain.
Commodity Futures Trading Commission in US has determined that digital currencies are commodities subject to its regulations.

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